FYI | Jan 17 2011
FNArena has added another video to its Investors Education section on the website which can be viewed at https://www.fnarena.com/index2.cfm?type=dsp_front_videos.
ATW's Jerry Simmons has cast his technical eye over price charts for copper, the euro and crude oil. His conclusion is that we may have seen the lows for the first two, but not necessarily for crude oil for which a negative bias remains.
Summary
In this video, Jerry Simmons, Senior Mentor and Co-Founder of the Advanced Trading Workshop, Inc., analyses copper with the help of one of the main ATW tools, the TTP taught in the Masters Course. He also analyses the EURUSD and AUDUSD currency pairs and Crude Oil. His conclusions are:
– Copper is coming off major, higher-level bearish structure, i.e. a Double Top and a Double TTP, IF these three steps occur:
– An RBO below $4.25
– An RBO below $4.23
– An RBO below $4.20.
– An RBO above 1.3050 in the EURUSD would confirm the EUR coming off a double bottom. It would probably be associated with a significant up move in copper.
– An RBO below 1.2750 in the EURUSD would favour a continuation to the downside and a move down for all metals and major equities markets around the world.
– For the AUDUSD a critical area is the 1.000 – 1.0080 area. Any move above that area should send the Aussie significantly higher.
– Crude Oil: a break-out to either side is imminent and the odds favour a breakout to the downside. A b/o to the downside could be of 10-15% magnitude minimum, but more likely 25%.
To view the ATW Strategic Prep Video (originally from January 10, 2010) titled "Analysis HG_EURUSD" click HERE or visit the FNArena Investors Education section of the website.
All views expressed are Jerry Simmons's, not FNArena's (see our disclaimer).
Jerry Simmons has over 25 years of full-time trading experience. He is the senior partner and head mentor for the “Masters” Programme within the education system at New York based Advanced Trading Workshop (ATW). ATW recently set up shop in Australia through the establishment of ATW Australia (since mid-2010).
FNArena is pleased to have Jerry Simmons as a highly valued contributor to its service which aims at both educating investors and assisting them with their own market analyses.
The above mentioned videos can be accessed via the FNArena Investor Education section at https://www.fnarena.com/index2.cfm?type=dsp_minc_education)
About ATW Australia
Founded in June 2010, ATW Australia is a “one-stop-shop for all a trader needs to succeed”: quality education for new traders, superb advanced trading education, fast unfiltered data, a world-leading trading platform, customer oriented competitive brokerage, quality ‘Made in the USA’ specialized trading computers, trading magazines, and the all-important psychological mentoring and coaching for traders. The trading educational products are provided by the Advanced Trading Workshop, Inc. in New York, all other services are provided by a network of partners that were chosen based on their superior products and services in their specific field of expertise. FNArena is one such partner.
To learn more visit www.advancedtradingworkshop.com.au.
